fixed-assets

What problem does it solve?

Fixed assets management is error-prone and labor-intensive without a structured process. This skill tracks long-lived assets, automates depreciation, manages disposals, and supports lease accounting to ensure accurate financial reporting and tax compliance.

Core Features & Use Cases

• Asset register population and location tracking
• Depreciation calculation across methods (straight-line, declining balance, units of production)
• Lease accounting (ASC 842 / IFRS 16) and impairment monitoring
• Real-world example: a mid-sized company maintains a single source of truth for asset data, performs monthly depreciation, and tracks lease liabilities.

Quick Start

Create and populate the fixed asset register for your organization and run the initial depreciation and lease accounting checks.